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Purchasing - November 07, 2002

Features

Tough measures for tough times
The chart on the next page says it all. After rising to an estimated $1.66 trillion in 2000, total spending among the nation's Top 250 purchasing and supply management organizations plunged to an estimated $1.41 trillion in 2001. Much of this is attributable to the recession that struck in the latter half of last year-lower revenues simply meant fewer buys.


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